AT&T Tells Shareholders To Mind Their Own Business Concerning Its Relationship With The NSA
from the it's-everyone's-business dept
However, as we noted last month, a bunch of shareholders have filed shareholder proposals with both companies, demanding that they start to file transparency reports concerning how they cooperate with government surveillance. AT&T has flat out rejected this request, saying it won't even include the proposed resolution on the ballot at the annual AT&T shareholder's meeting.
The basic argument? It's none of your business. The letter, embedded below, argues that decisions about transparency are "ordinary business matters" not subject to shareholder approval. Furthermore, it argues that "protecting customer privacy is a management function" rather than a shareholder one. Of course, the issue here is that they're not protecting customer privacy, and the shareholders are pointing out that the concern is that in doing so, it could do serious damage to the company by losing the trust of their customers. AT&T, of course, doesn't care about any of that because, really, who else are customers going to go to?